Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Hasbro, Inc Add to portfolio

INX:HAS, Aug 24, 12:09 UTC

Latest INX:HAS News

Filter your feed

Apply Filter

Yesterday


News

Salesforce, Intuit rise while Hasbro, Foot Locker stumble

FL HAS +1 more FL HAS CRM

The customer-management software developer blew past Wall Street's second quarter profit expectations and raised its revenue forecast for the year. The personal computer maker said CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. The discount retailer trimmed its full-year profit forecast, citing the potential impact of new tariffs in the U.S.-China trade war. Local UFO or no? Forty years later, a Minnesota town still wonders what sheriff's deputy encountered.

Read Full Details

Topics:
  • Business
  • Financial
  • US
News

Hasbro’s Push Into Media Shines Light on Other Film and TV Takeover Targets

HAS

Hasbro’s Push Into Media Shines Light on Other Film and TV Takeover Targets. Aug 23 2019, 8:21 PMAug 23 2019, 8:46 PMAugust 23 2019, 8:21 PMAugust 23 2019, 8:46 PM. (Bloomberg) -- Hasbro Inc.’s $4 billion agreement to buy the producer of “Peppa Pig” and other programs puts a spotlight on other media properties that may be for sale, including Metro-Goldwyn-Maye... Stay Updated WithBusiness NewsOn BloombergQuint. Bloomberg Quint. Add BloombergQuint App to Home screen.INSTALL APP.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Hasbro Makes a Big Acquisition

HAS

Hasbro(NASDAQ: HAS) announced on Thursday that it would acquire studio Entertainment One (eOne) in an all-cash deal valued at 3.3 billion pounds ($4 billion). Under the terms of the agreement, Hasbro will pay 5.6 pounds ($6.86 at current exchange rates) for each share of eOne stock, a 31% premium to its recent price. "eOne's brands and TV and film expertise, together with Hasbro's brands, toy and game innovation, and licensing capabilities, positions us to more quickly drive revenue and profit over the medium-term," said Deborah Thomas, Hasbro's chief financial officer. Hasbro estimates that it will be able to achieve about $130 million in cost synergies annually by 2022, and the deal will be accretive to adjusted earnings per share in year one.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment
News

Hasbro's $4 Billion Peppa Pig Offer Looks a Little Skinny

HAS

Hasbro's $4 Billion Peppa Pig Offer Looks a Little Skinny. (Bloomberg Opinion) -- At first glance, Entertainment One Ltd. and Hasbro Inc. make for ideal bedfellows. It gets its trotters on some valuable kids’ franchises that it can turn into more toys, and it can use eOne’s TV and film production chops to exploit its own catalog of games, which span from Monopoly to Buckaroo! That’s where reservations about the eOne deal come in. While it might be known as the firm behind Peppa Pig, the cartoon represents just 10% of its total revenue.

Read Full Details

Topics:
  • Business
  • Financial
News

Peppa Pig’s Entertainment One sold to Hasbro: which UK stock could be bought next?

HAS OCDO

Today’s announcement that Peppa Pig’s owner Entertainment One is to be acquired by US toymaker Hasbro for around £3.3bn ($4bn), was not entirely a surprise to many investors. The media content arena has been busy with mergers and acquisitions during the past year, such as Sky being acquired by Comcast in October 2018. And UK stocks generally have been in the firing line too. With an entertainment library estimated to be worth $2bn, including the long-time family favourite Peppa Pig and popular preschool show PJ Masks, eOne has great potential for further growth. In February this year, Marks & Spencer (M&S) joined forces in a joint venture with Ocado to acquire a 50% stake in Ocado’s UK retail business, which will replace Waitrose with M&S ranges by September 2020.

Read Full Details

Topics:
  • Business
  • Financial
News

Toymaker Hasbro Snaps Up Peppa Pig Owner Entertainment One for $4 Billion

HAS

Topline: Peppa Pig owner Entertainment One has been snapped up by U.S. toymaker Hasbro for $4bn in the latest foreign acquisition of a U.K.-listed firm amid a weakened pound. The firm is publicly listed on the London Stock Exchange and has a market value of more than £11.5 billion ($14.4 billion). The firm spent half a billion dollars last year buying up popular children’s entertainment merchandising franchises, including Power Rangers. Surprising fact: The deal is the biggest in Hasbro’s history, and the purchase is three times the $1.23 billion (£1.01 billion) proposal made by U.K. broadcaster ITV in 2016.

Read Full Details

Topics:
  • Business
  • Financial
News

Hasbro to buy 'Peppa Pig' parent for $4 billion

HAS

Hasbro to buy 'Peppa Pig' parent for $4 billion. Toymaker Hasbro announced it's acquiring Entertainment One, the studio behind "Peppa Pig" and "PJ Masks" for $4 billion in cash. What to read next.

Read Full Details

Topics:
  • Business
  • Financial
News

Hasbro To Buy Peppa Pig Owner eOne For $4B

HAS

Hasbro, Inc. (NASDAQ: HAS) announced a multibillion-dollar deal Thursday to acquire U.K.-based Entertainment One, sending the toymaker's shares lower. Hasbro said it has agreed to acquire eOne for about 3.3 billion pounds ($4 billion) in cash. The deal provides for eOne shareholders receiving 5.6 pounds in cash for each share they hold in the company, which represents a 31% premium to the 30-day volume-weighted average price of eOne shares as of Aug. 22. "In addition, Hasbro will leverage eOne's immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally and realize full franchise economics across our blueprint strategy for shareholders," CEO Brian Goldner said in a statement.

Read Full Details

Topics:
  • Business
  • Financial
News

UPDATE 1-Shares in Peppa Pig owner rise past Hasbro offer

HAS

Aug 23 (Reuters) - Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer. The boards of the two companies said on Thursday that they had agreed a price of roughly $4 billion (3.27 billion pounds) in cash for the deal, which gives Hasbro access to Entertainment One's lucrative shows aimed at infants and preschoolers. "Given the nature of the current content cycle where there are a number of emerging large new entrants and platforms alongside several large incumbents, we would not rule out a competing bid for eOne," RBC analysts, who raised their price target for Entertainment One, said. The buyout offer comes months after eOne denied reports that award-winning producer Mark Gordon would leave the company and said he will continue to develop and produce content for the company following a multi-year production deal.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment
News

Hasbro buys Peppa Pig owner Entertainment One in £3.3bn deal

ETO HAS

The deal, which sent Entertainment One’s share price soaring by 30% in early trading on Friday, marks the latest UK-listed company to be targeted by a foreign buyer since the dramatic weakening of the pound over fears of a no-deal Brexit. Last month the US private equity group Advent International agreed a £4bn buyout of the UK aerospace and defence supplier Cobham and the Netherlands-based Takeaway.com agreed a £5bn takeover of the UK-listed food delivery rival Just Eat. Entertainment One distributes TV shows including The Walking Dead and films such as the Twilight and Hunger Games series, and its recent film productions include the Oscar winner Green Book. However, among its most-prized assets are its children’s brands, led by Peppa Pig but also including the fast-growing PJ Masks and Ricky Zoom. Entertainment One struck a co-ownership deal with the UK producer of Peppa Pig, Astley Baker Davies, in 2004 and moved to take control in a £140m deal in 2015.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment